Ched 333 points 1.b. Which Airlines has the better current ratio? Ferris Ar Oceanic Airlines 2-a. Calculate the acid test (quick) ratio for Ferris A and Oceanic Airlines (Enter your answers in millions. For example, 55,500,000 should be entered as 5.5.) Acid-Test Ratio Ferris All Oceanic Airlines Total current l es 5 047 1000 regarding current assets and current liabilities for Ferris Air and Oceanic Airlines are provided as follows Ferris Air Oceanic Airlines $ 5,184 (5 in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets $1,275 3,154 361 575 320 $6,185 43 $ 9,604 $6,225 2.722 Current debt Accounts payable Other current liabilities Total current liabilities $ 6,809 2.45 1.654 $10,920 58,947 Required: 1-a. Calculate the current ratio for Ferris Air and Oceanic Airlines (Enter your answers in millions. For example, $5,500,000 sho be entered as 5.5.) Ferris Air Oceanic Airlines Current Ratio Total current assets Total current liabilities $ 0.691 0879